Terry Hay New Zealand - How to run a business effectively

a n u R o T How Business Effectively Terry Hay of New Zealand

Terry Hay of New Zealand has led an illustrious career that has seen many successes. After graduating from the University of California, Irvine (UCI), he launched his first company in Hawaii, growing it into a business with a staff of 40 people that was ranked among the top 250 companies in Hawaii.

About 50 percent of new businesses fail within 5 years, according to the Washington Post (circa January, 2014).

Below are some tips that might prove helpful in finding success with running your own business: 1.) Make Sure Cash is Flowing - The lifeblood of a business is the money that runs into it. If starting a new business, find ways to onset cash flow immediately.

2.) Keep Costs Down - Try to ensure that all of your business expenses are as minimal as possible.

Terry Hay of New Zealand’s success in business came after his diligent time as both a marine and a student. After serving in Vietnam, he worked as a gardener, dishwasher and trash collector while attending UCI.